LSE and Deutsche Boerse merger still on after Brexit vote

Fri, 24 Jun 2016 | MERGER

Despite the shocking news that Britain has voted to leave the European Union, the London Stock Exchange (LSE) Group and Deutsche Boerse have vowed to push through their proposed $30 billion merger.

The companies behind both stock exchanges said that the outcome of the EU referendum did not fundamentally change the rationale behind the merger plans. Both the LSE and Germany-based Deutsche Boerse have said they will now continue to push their case through the regulatory approval process.

In a joint statement made on Friday 24 June, when the final EU referendum result was known, the companies said: "The combined group's capabilities, including global reach, distribution network across Europe, Asia and America, brand strength, financial resources and deep customer relationships, remain well positioned to serve global customers irrespective of the result of the referendum.”

In addition, both stock exchange groups have urged shareholders to back the merger deal.

Joachim Faber, the chairman of Deutsche Boerse, added in a statement reported by Reuters: "We are convinced that the importance of the proposed combination of Deutsche Boerse and [the London Stock Exchange Group] LSEG has increased even further for our customers and will provide benefits for them as well as our shareholders and other stakeholders.”

LSE shareholder will have until 4 July 2016 to make their final decision about whether to back the proposed merger at a general meeting. Corresponding Deutsche Boerse shareholders will have until 12 July 2016 to make their own decision on the deal.


Share this article



Latest Businesses for Sale

MOT & Motor Repair Business
Shepherds Bush, London, UK

Long established, successful and profitable MOT, servicing and repair motor business in London. Ill health forces sale. Limited competition. Exceptional reputation. Parking available for 4/5 cars. Offers invited.

Asking Price: £900,000
Turnover: £300,000

Window & Conservatory Business
East Riding of Yorkshire, Yorkshire and the Humber, UK

Excellent window and conservatory business. Superb bolt-on business. Entirely word of mouth business and still growing. No marketing necessary at this turnover. Offers invited.

Asking Price: £210,000
Turnover: £1,100,000

LEASEHOLD


Italian Restaurant
Rugeley, Staffordshire, UK Wide

Reputable Italian restaurant in Rugeley, established since 1997. Business comes with fully licensed bar free of tie. Offers invited.

Asking Price: Offers Invited
Turnover: £303,193


View more businesses for sale

News Search

Latest News

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

 
11
 
Jul
 

ASL Group completes its third acquisition in 18 months with Reprotec | BUSINESS SALE

Just one week after securing fresh private equity backing, A...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
09
 
Aug
 

Mutares to acquire Knorr-Bremse subsidiaries | BUSINESS SALE

Knorr-Bremse is set to sell its UK subsidiaries to Mutares, ...

 
18
 
Jun
 

Norwich restaurant put up for sale | BUSINESS SALE

The Library Restaurant, based at Guildhall Hill, Norwich, ha...

 
08
 
Dec
 

Leamington company closures put jobs at risk | ADMINISTRATION

A major Leamington business is facing hundreds of redundanci...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources